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Rapaport TradeWire December 28, 2017

Dec 28, 2017 10:48 AM   By Rapaport
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Rapaport TradeWire
December 28, 2017
RAPAPORT MARKET COMMENT
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US holiday season positive, with fashion jewelry driving growth. Nov.-Dec. holiday jewelry sales +5.9% after strong last-minute buying, according to Mastercard SpendingPulse. Female self-purchases gaining momentum. Overall retail sales +4.9%, online shopping +18%, as Amazon boasts record holiday season. US and Belgian dealers on vacation, with positive outlook for next year. Miners wary of inflated inventory. Alrosa to cut 2018 rough production -7% to 36.6M cts. US puts diamond trader Dan Gertler on OFAC sanctions list for corrupt DRC deals. The Rapaport Group wishes everyone a happy, healthy, prosperous and peaceful New Year.

4 Dec 2017 Gia Tw Banner December Date
RAPNET DIAMOND INDEX (RAPI)
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Weekly Monthly Y2Y
0.30 ct 0.30% 0.93% -0.32%
0.50 ct 0.12% 0.48% -17.98%
1.00 ct 0.09% 0.18% -5.91%
3.00 ct -0.59% -1.85% 2.89%
RAPI Yearly Graph
Trade Wire January Single Stone Standalone
Market Reports
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United States: Retail sentiment positive following good holiday sales...
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Belgium: Dealers upbeat about US and Chinese markets over holiday season, but cautious about Europe...
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Israel: Good demand from US independents this holiday season...
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India: Steady local interest in gold and diamond jewelry during wedding season...
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Hong Kong: Dealers focused on filling Chinese New Year demand...
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2017 IN REVIEW
10 Rapaport Stories That Got Social Media Buzzing

Number seven will shock you.

UPS AND DOWNS
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Homeless Man Helps Recover Lost Ring
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The Green Diamond Exhibition You Need to See
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Allegations over Ivanka Trump’s Old Jewelry Business
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Retail Bankruptcies Rocketed in 2017
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Rapnet Ban Master 600X160 Static
WEEKLY NEWS
retail
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Jewelry Shines in Upbeat US Holiday Season
Strong economy and last-minute rush drive overall growth, says Mastercard SpendingPulse.
industry
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The Biggest and Boldest Auction Sales of 2017
A roundup of important diamonds that changed hands this year.
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Alrosa to Bring Big Diamonds to Big Apple in 2018
Miner will hold 30 auctions around the world next year for rough diamonds over 10.8 carats.
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Court Dismisses Exelco’s Chapter 11 Case
US bankruptcy proceedings had given company protection from creditors in Belgium.
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India Trade Rebounds After Demonetization
November rough and polished shipments increase sharply from last year’s slump.
mining
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Alrosa Rough Production to Fall in 2018
Russian company will sell inventory to maintain supply following flood at Mir mine.
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Lucapa Looking to Profit from Early Sales
Company to sell 129- and 78-carat rough stones at start of 2018.
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Alrosa Is Latest to Consider Blockchain
Initiative could help eliminate conflict diamonds and undisclosed synthetics.
general
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2017’s Diamond Merry-Go-Round
A who’s who of the appointments and disappointments in the industry this year.
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US Slaps Sanctions on Billionaire Dan Gertler
OFAC names the international businessman and diamond heir as a corrupt actor.
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Antwerp Puts BrilliAnt Fair on Ice
Bigger show for the city is in the works, organizers say.
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FINANCE
Diamond Industry Stock Report
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Retail stocks gained this week on strong holiday sales, led by J.C. Penney (+6.2%). Jewelers Tiffany (+5.2%) and Signet (+4.7%) also rose. London-based miners mostly had a strong week, headed by Petra Diamonds (+5%). Asian Star (+11%) led otherwise mixed Indian stocks, while Hong Kong-based Chow Tai Fook (-1%), Luk Fook (-0.3%) and Chow Sang Sang (-0.1%) underperformed the market’s Hang Seng Index (+1.7%).

6 Sept 2017 Ice Stones Tw Square
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Rapnet Trade Wire
Rapaport Magazine Dec2017 Cover Tw Square
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